How can I gain exposure to the Bitcoin market using “ Bitcoin tracker one” ?
By investing in “ Bitcoin tracker one” you will gain exposure towards the Bitcoin price in USD. Please note that the trading currency is SEK. “ Bitcoin tracker one” is an exchange traded note which will provide a synthetic underlying exposure to the value of Bitcoin.
What is the minimum amount to invest?
The minimum amount is the price of one unit. Hence if a unit costs 15 SEK the minimum amount is 15 SEK.
What are the fees?
The commission fee for trading is the commission fee that you pay to your bank, advisor or broker. The yearly management fee of “ Bitcoin tracker one” is 2, 5%.
How can I trade “ Bitcoin tracker one” ?
You trade “ Bitcoin tracker one” in the same manner as you trade shares. To buy, you need an account, which you obtain through your bank, advisor or online broker. Search for “ Bitcoin tracker one” or ISIN Code xxx xxxx.
The product is listed on the Nordic Derivatives Exchange (NDX)/ Nasdaq and trades under the stock exchange's opening hours: Monday to Friday, 9:00 to 17:25 CET.
What happens if bitcoin forks?
The exact action taken will, of course, be decided on a case by case basis, but if bitcoin would fork, it would most likely mean that an alternative protocol to bitcoin core has attracted more mining power/proof of work, and in that instance, the underlying asset would be the coin with the most proof of work behind it. The other coin would be sold and the value added to the instrument. If there would be a situation where it would not be clear what coin would be the dominant one in terms of proof of work/mining power, the instrument would reflect the total value of both coins until there was a clear winner. We will do all we can to maximize value for investors and make sure to give notice to all investors on any actions in good time.
What is Bitcoin?
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’ t printed, like dollars or euros – they’ re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. It’ s the first example of a growing category of money known as cryptocurrency.
What is “ Bitcoin tracker one” ?
“ Bitcoin tracker one” is an exchange traded note which will provide a synthetic underlying exposure to the value of Bitcoin.
Who is the issuer XBT Provider?
The issuer is a public limited liability company formed in Sweden with statutory seat in Stockholm, Sweden. The issuer is incorporated under Swedish law and registered with the Swedish companies’ registration office under registration number 559001-3313.
When can I sell “ Bitcoin tracker one” ?
The product is listed on the Nordic Derivatives Exchange (NDX)/ Nasdaq and trades under the stock exchange's opening hours: Monday to Friday, 9:00 to 17:25. CET